Ryde Celebrates Driver-Partners with Annual #MakanwithRyde Initiative

SINGAPORE--(BUSINESS WIRE)--Nov 29, 2024--

Ryde Group Ltd (NYSE American: RYDE) ("Ryde" or the “Company"), Ryde Group Ltd (NYSE American: RYDE) ("Ryde" or the “Company"), a leading mobility and quick commerce platform in Singapore, is proud to announce the successful completion of its annual #MakanWithRyde initiative. This initiative underscores Ryde’s unwavering commitment to its driver-partners—the backbone of the platform—and highlights the Company’s dedication to supporting local businesses and fostering community bonds.

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Supporting Driver-Partners & Local Businesses

As part of this year’s #MakanWithRyde initiative, over 1,000 driver-partners were invited to collect specially prepared packets of Nasi Lemak from a convenient drive-by pick-up point on Victoria Street. The meals were sourced from Dahlia Cafe, a beloved local business, reflecting Ryde's commitment to supporting homegrown enterprises while showing appreciation for its driver-partners.

Driver-partners had the opportunity to interact with Ryde’s team, sharing valuable feedback and insights. These moments of connection reinforce Ryde's focus on building a supportive and engaged driver community.

Mr. Yeo shared “The giveaway is a boost for all the driver-partners. It shows that Ryde recognises our commitment to the platform and the service that we driver-partners provide to the riders. It also shows that Ryde is always there to help us, hear us and reward us as much as possible.”

Another driver-partner, Mr. Quek, expressed his gratitude, stating, “I am very grateful to receive this platter from Ryde. As a driver-partner, I have never regretted choosing Ryde as my only PHV platform. Hope Ryde keeps this up and continues to rise! Huat ah!”

Building Community Through Active Engagement

The #MakanWithRyde initiative is closely aligned with Ryde’s 7 Driver Commitments, particularly its focus on Active Engagement. By listening to driver-partners and fostering open dialogue, Ryde ensures their voices are heard and their needs addressed. This collaborative approach strengthens relationships and enhances the overall Ryde experience.

“Our driver-partners are the heart of our platform,” said Terence Zou, CEO and Founder of Ryde Group. “#MakanWithRyde is our way of thanking them for their dedication and resilience while fostering a sense of community. It’s about building connections and a thriving community.”

Driving Growth & Impact

Initiatives like #MakanWithRyde goes beyond appreciation—they drive positive outcomes for the platform. Engaged driver-partners are more likely to share their experiences, attracting others to join Ryde. This ripple effect contributes to a growing, motivated driver-partner base, enhancing service quality and customer satisfaction.

The event also reflects Ryde’s commitment to Environmental, Social, and Governance (ESG) principles, aligning with the United Nations’ Sustainable Development Goals (SDGs):

SDG 11: Sustainable Cities and Communities – Strengthening inclusivity and fostering community bonds.

SDG 8: Decent Work and Economic Growth – Celebrating contributions and promoting equitable opportunities for driver-partners.

Looking Ahead

Ryde remains dedicated to initiatives that celebrate its community, foster growth, and create meaningful social impact. The success of #MakanWithRyde reaffirms the Company’s mission to connect people, empower its driver-partners, and support the local ecosystem.

About Ryde Group Ltd

Ryde is a super mobility app founded in Singapore and also the world's FIRST on-demand carpooling app since 2014! As a publicly listed company on the NYSE, we are reimagining the way people and goods move around. We offer a full suite of services, including carpooling, private hire, taxi, and delivery, but what truly sets us apart is our commitment to empowering our private-hire and taxi partners. We take 0% commission, ensuring that more of every hard-earned dollar goes to drivers on our platform. For more information, please visit https://rydesharing.com/.

FORWARD-LOOKING STATEMENTS

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and Ryde Group Ltd specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

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BUSAN, South Korea (AP) — Negotiators working on a treaty to address the global crisis of plastic pollution inched closer to an agreement Friday, with more countries saying they want to address the total plastic on Earth.

The most contentious issue of the talks is whether there will be a limit on the amount of plastic that companies are allowed to produce. Panama proposed text for the treaty to address plastic production on Thursday.

Juan Carlos Monterrey, head of Panama's delegation, said it's a compromise proposal to build consensus because it does not include a numerical target or production cap. Instead, it says countries would adopt a global target at a later conference of the parties meeting.

Support for Panama's proposal quickly grew to over 100 countries. Some plastic-producing and oil and gas countries, including Saudi Arabia, vigorously oppose including plastic production in the treaty, calling it a red line. Russia’s delegation has said if the world is serious about this treaty, negotiators must concentrate on provisions acceptable for all delegations.

On Friday afternoon, Luis Vayas Valdivieso, the committee chair from Ecuador, issued a paper with draft treaty text, condensing the views expressed by negotiators during the week. The treaty article on production has Panama's proposal. The other option is to strike that article.

“This is great! This is great,” Monterrey said as he read the document on his cellphone just after it was issued.

“It is a big show of force, of muscle, for those countries that are ambitious. And also this shows that consensus is still possible,” he said in an interview.

Global plastics production is set to reach 736 million tons by 2040, up 70% from 2020, without policy changes, according to the Organization for Economic Cooperation and Development.

Environmental organizations demonstrated with signs outside the convention center Friday morning, demanding that negotiators show courage.

Negotiators began meeting Monday in Busan. They split into groups to consider text for treaty articles. By the midpoint of the negotiations, none had agreed to anything. They were having long discussions over topics where there’s more agreement, such as the need to manage plastic waste better. And they hadn't settled on some of the basics of the treaty, such as the scope and definitions.

Valdivieso told them Wednesday night their progress was too slow and they had to speed up significantly.

The delegations will now discuss Valdivieso's paper and decide whether to agree to the articles. The meeting ends late Sunday or early Monday.

U.N. Environment Program Executive Director Inger Andersen said there's still enough time to land an agreement, “if we work hard.”

The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

Pamela Miller, Co-chair of the International Pollutants Elimination Network (IPEN), speaks during a press conference with IPEN members at the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Friday, Nov. 29, 2024. (AP Photo/Ahn Young-joon)

Yuyun Ismawati, Co-chair of the International Pollutants Elimination Network (IPEN), speaks during a press conference with IPEN members at the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Friday, Nov. 29, 2024. (AP Photo/Ahn Young-joon)

Environment activists hold a press conference calling for a strong global plastics treaty outside of the venue for the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Friday, Nov. 29, 2024. (Son Hyung-joo/Yonhap via AP)

Environment activists hold a press conference calling for a strong global plastics treaty outside of the venue for the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Friday, Nov. 29, 2024. (AP Photo/Jennifer McDermott)